Newsletter June,2024,06

JUNE

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Greece has rapidly become a world leader in wind and solar energy, reflecting the ongoing investment in the country’s green transformation and the government’s commitment to fighting climate change.


In the past 12 months, Greece’s solar power generating capacity has grown by 24.8% and wind capacity by 10.2%, placing the country second in the world behind only Denmark in terms of wind and solar power generation. In the past five years, Greece’s electricity generation from renewable energy sources – but not including hydroelectric power – has doubled, and is on track to produce more than 8 terawatt hours of power this year.

“Greece now holds a leading position worldwide in terms of wind and solar energy penetration,” Prime Minister Kyriakos Mitsotakis said at an energy conference in Athens. “This increase in renewables is part of a wider transformation of the system.”

In 2023, Greece doubled investment in the country’s power infrastructure compared with the average of the years 2020-22, which in turn was 50% higher than it was between 2012 and 2019. At the same time, the government has undertaken a variety of initiatives – from new cross-border power projects to energy conservation measures in buildings – that are designed to reduce Greece’s overall emissions of greenhouse gases and reach net zero by 2050.